Bright Prospects For
p. 62 · Read in the full issue
Astrolabe Copper Field
From Our Own Correspondent
Port Moresby, June 22.
nPHERE are indications that the Astro labe copper field, near the Laloki River, which many years ago attracted at tention on account of its rich copper lodes, will develop into a big “show.”
In the old days the copper lodes showed a percentage of gold and silver, and it is reported that a sample shipment from the Moresby King mine has produced two ounces of gold to the ton. Even with the price of copper at £36 per ton, ore contain ing two ounces of gold to the ton might well be payable.
Mandated Alluvials N.L. is the main con cern interested in the Astrolabe properties.
It is rumoured in Port Moresby that an other strong company will be formed shortly to take up various areas on the field.